Defence Minister Rajnath Singh called it a “spectacular growth” (File)
New Delhi:
Defence Minister Rajnath Singh on Monday said the country’s defence exports have scaled to “unprecedented heights” and crossed Rs 21,000 crore-mark for the “first time” in the history of Independent India.
“Delighted to inform everyone that the Indian Defence Exports have scaled to unprecedented heights and crossed Rs 21,000 crore mark for the first time in the history of Independent India!,” he said in a post on X.
The Union minister also said that India’s defence exports have reached to the level of Rs 21,083 crore in the financial year 2023-24 which is a “spectacular growth” of 32.5 per cent over the previous fiscal.
Under Prime Minister Shri @narendramodi’s visionary leadership the Defence ministry has taken several initiatives to spur India’s defence manufacturing and exports.
Our defence industries including the Private Sector & DPSUs have registered a commendable performance in the…
— Rajnath Singh (मोदी का परिवार) (@rajnathsingh) April 1, 2024
During an interaction with members of the Indian diaspora in Nigeria in May 2023, the defence minister had emphasised on the government’s focus on ‘Aatmanirbharta’ and the “significant progress” made in defence exports in the recent years towards achieving the objective of “Make in India, Make for the World”.
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